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2011 | 28 | 43-54

Article title

Ocena reformy systemu głosowania w radzie prezesów Europejskiego Banku Centralnego

Authors

Content

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Languages of publication

Abstracts

EN
The enlargment of the European Union forces changes in the decision-making process of the European Central Bank. In order to maintain the Governing Council’s capacity for efficient and timely decision-making, the Governing Council agreed in November 2002 that the number of governors of the national central banks exercising their voting right should be reduced. In order to overcome the ”numbers problem”, the EU Council decided in March 2003 to introduce weighted rotation system that limits the number of votes in the Governing Council of the ECB to at most 21. However this rotation model still does not work and does not solve ECB’s decision problems. This paper explains the clue of the rotation system in the Governing Council of the ECB – its main features and functioning. Finally, it discusses its advantages and mainly disadvantages – many problems that this reform didn’t solve at all.

Keywords

Year

Volume

28

Pages

43-54

Physical description

Dates

published
2011

Contributors

References

Document Type

Publication order reference

Identifiers

Biblioteka Nauki
2167923

YADDA identifier

bwmeta1.element.ojs-doi-10_15804_athena_2011_28_03
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